Michael Gelband ExodusPoint Capital Management
Michael Gelband is a co-founder of ExodusPoint Capital Management, a multi-strategy hedge fund launched by veterans of larger alternative platforms. The firm pursues diversified strategies across asset classes with a focus on risk-managed absolute returns. Gelband’s firm is followed as part of the newer generation of multi-strategy complexes.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$20.8M |
| 2 |
Comcast
CMCSA
|
+$17.9M |
| 3 |
Mastercard
MA
|
+$17.9M |
| 4 |
McKesson
MCK
|
+$17.6M |
| 5 |
Reynolds Consumer Products
REYN
|
+$13.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$393M |
| 2 |
Entergy
ETR
|
+$96.9M |
| 3 |
CMS Energy
CMS
|
+$81.1M |
| 4 |
Consolidated Edison
ED
|
+$79.6M |
| 5 |
Ameren
AEE
|
+$72.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.65% |
| 2 | Financials | 7.8% |
| 3 | Healthcare | 7.73% |
| 4 | Consumer Discretionary | 6.21% |
| 5 | Consumer Staples | 6.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Invesco S&P 500 Low Volatility ETF
SPLV
$7.07B
| $2.06M | 0.11% |
+43,895
| New | +$2.46M |
|
177
PTC
PTC
$16.8B
| $2.05M | 0.11% |
33,558
+28,327
| +542% | +$2.1M |
|
|
PFPT
178
CALL
DELISTED
Proofpoint, Inc.
PFPT
| $2.05M | 0.11% |
+20,000
| New | +$2.33M |
|
179
CALL
Teradata
TDC
$2.58B
| $2.04M | 0.11% |
100,000
-450,000
| -82% | -$10.4M |
|
180
Tesla
TSLA
$1.43T
| $2.04M | 0.11% |
+58,290
| New | +$2.42M |
|
181
Sunrun
RUN
$2.21B
| $2.02M | 0.11% |
200,000
+99,525
| +99% | +$1.63M |
|
182
Service Corp International
SCI
$11.4B
| $2.02M | 0.11% |
+51,637
| New | +$2.4M |
|
183
Sea Limited
SE
$72B
| $2.01M | 0.11% |
45,268
-175,154
| -79% | -$7.86M |
|
184
Agree Realty
ADC
$9.19B
| $2M | 0.11% |
32,333
+12,661
| +64% | +$901K |
|
185
Intel
INTC
$476B
| $1.97M | 0.11% |
36,325
+5,086
| +16% | +$301K |
|
|
SWCH
186
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $1.95M | 0.11% |
134,823
+116,157
| +622% | +$1.77M |
|
|
ALXN
187
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.94M | 0.11% |
+21,625
| New | +$2.12M |
|
188
ServiceNow
NOW
$133B
| $1.92M | 0.11% |
+33,570
| New | +$2.1M |
|
189
Veeva Systems
VEEV
$40.3B
| $1.92M | 0.11% |
12,268
+4,531
| +59% | +$664K |
|
190
Essex Property Trust
ESS
$18.6B
| $1.9M | 0.1% |
8,615
+6,284
| +270% | +$1.81M |
|
191
CALL
Fastly Inc
FSLY
$3.97B
| $1.89M | 0.1% |
+100,000
| New | +$2.07M |
|
192
Match Group
MTCH
$9.38B
| $1.88M | 0.1% |
+28,499
| New | +$2.09M |
|
193
Edwards Lifesciences
EW
$51.8B
| $1.88M | 0.1% |
29,880
+939
| +3% | +$67.7K |
|
194
Invitation Homes
INVH
$17.9B
| $1.87M | 0.1% |
87,695
+6,203
| +8% | +$176K |
|
195
lululemon athletica
LULU
$13.7B
| $1.87M | 0.1% |
9,867
-6,178
| -39% | -$1.38M |
|
196
Idacorp
IDA
$7.94B
| $1.86M | 0.1% |
21,145
+19,137
| +953% | +$1.97M |
|
|
MRTX
197
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $1.83M | 0.1% |
+23,854
| New | +$2.14M |
|
|
198
CMS Energy
CMS
$21.4B
| $1.83M | 0.1% |
31,197
-1,268,168
| -98% | -$81.1M |
|
|
EB
199
CALL
DELISTED
Eventbrite
EB
| $1.83M | 0.1% |
250,000
-50,000
| -17% | -$844K |
|
200
W.R. Berkley
WRB
$25.5B
| $1.83M | 0.1% |
78,795
+14,492
| +23% | +$432K |
|
Similar funds
Michael Gelband's Q1 2020 Portfolio in Review
As of Q1 2020, Michael Gelband held 1,928 positions worth $1.82B, down 66% from $5.33B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Michael Gelband withdrew a net $2.93B in Q1 2020, closing 898 positions and reducing 384 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $393M position sold in full.
By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 11% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Michael Gelband opened a new position in Mastercard worth $14.5M.
- Michael Gelband's largest Q1 2020 buy was Mastercard: 60,087 shares worth $14.5M.
- Michael Gelband added most to State Street Industrial Select Sector SPDR ETF in Q1 2020, an estimated $20.8M increase.
- Michael Gelband's biggest Q1 2020 reduction was Entergy, cutting an estimated $96.9M.
- Michael Gelband fully exited State Street SPDR S&P 500 ETF Trust in Q1 2020, selling an estimated $393M.
- Michael Gelband's ten largest holdings make up 32% of its $1.82B portfolio in Q1 2020.
- Michael Gelband opened 442 new positions and closed 898 in Q1 2020.
- Michael Gelband's portfolio value fell 66% quarter-over-quarter to $1.82B.
Based on ExodusPoint Capital Management's 13F filing for Q1 2020, filed 15 May 2020.